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Mary Schapiro, chairwoman of the Securities and Exchange Commission, said the agency plans to conduct a comprehensive review of shareholder voting. The SEC will look into why fewer retail investors are voting, how proxy votes are cast and the accuracy of vote tabulation. "Our goal is to determine if some information we already require should be omitted and if some information we don't require should be added," according to Schapiro's prepared remarks about the initiative. "Our efforts will be targeted at making sure that investors are receiving the right information and not just more information."

Related Summaries

The Securities and Exchange Commission plans to look into modernizing shareholding voting, paying particular attention to proxy-advisory firms. The SEC will investigate whether greater regulatory oversight of proxy-advisory firms is needed. Mary Schapiro, chairman of the SEC, said the firms are influential in shareholder elections, and critics have voiced concern that there might be a conflict of interest when firms serve investors and corporations.

The Securities and Exchange Commission plans to look into modernizing shareholding voting, paying particular attention to proxy-advisory firms. The SEC will investigate whether greater regulatory oversight of proxy-advisory firms is needed. Mary Schapiro, chairman of the SEC, said the firms are influential in shareholder elections, and critics have voiced concern that there might be a conflict of interest when firms serve investors and corporations.

Securities and Exchange Commission Chairman Mary Schapiro has proposed efforts to rein in short-sellers, protect investors and generally show that her agency is on top of market issues. Many of Schapiro's efforts, however, have been scaled back, deferred or delayed. Schapiro, who is coming upon the end of her first year in office, is finding that making proposals is significantly easier than getting them approved and implemented.

Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency plans to conduct a comprehensive review of shareholder voting. The SEC will look into why fewer retail investors are voting, how proxy votes are cast and the accuracy of vote tabulation. "Our goal is to determine if some information we already require should be omitted and if some information we don't require should be added," according to Schapiro's prepared remarks about the initiative. "Our efforts will be targeted at making sure that investors are receiving the right information and not just more information."

Mary Schapiro, chairwoman of the Securities and Exchange Commission, said the agency plans to conduct a comprehensive review of shareholder voting. The SEC will look into why fewer retail investors are voting, how proxy votes are cast and the accuracy of vote tabulation. "Our goal is to determine if some information we already require should be omitted, and if some information we don't require should be added," according to Schapiro's prepared remarks about the initiative. "Our efforts will be targeted at making sure that investors are receiving the right information, and not just more information."